In a report released today, Arvind Ramnani from Piper Sandler maintained a Hold rating on Udemy Inc (UDMY – Research Report), with a price target of $13.00. The company’s shares closed yesterday at $14.01.
Ramnani covers the Technology sector, focusing on stocks such as Globant SA, Epam Systems, and Thoughtworks Holding. According to TipRanks, Ramnani has an average return of 0.1% and a 50.00% success rate on recommended stocks.
In addition to Piper Sandler, Udemy Inc also received a Hold from Morgan Stanley’s Josh Baer in a report issued today. However, on the same day, Needham reiterated a Buy rating on Udemy Inc (NASDAQ: UDMY).
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The company has a one-year high of $16.01 and a one-year low of $8.17. Currently, Udemy Inc has an average volume of 838.4K.
Based on the recent corporate insider activity of 103 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of UDMY in relation to earlier this year. Earlier this month, Venu Venugopal, the CTO of UDMY sold 4,000.00 shares for a total of $55,160.00.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Udemy Inc (UDMY) Company Description:
Udemy Inc operates a marketplace platform at the center of a vibrant knowledge network. The platform provides over 44 million learners with access to over 183,000 courses in 75 languages and over 180 countries.
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